Catch MCPF Chairperson, Deputy Chair and Principal Executive Officer on ETV Sunrise on 15 March 2016 from 7:10 am. They will be talking about the National Pension Fund Forum Meeting to be held from 17 to 18 March 2016 at Birchwood in relation to the following three key matters MCPF transformation , the preparation toward 2016 exits and election as...
Read moreMario Draghi left the pea shooter at home and arrived with a bazooka at the European Central Bank’s monthly meeting on Thursday, delivering more monetary stimulus than what was expected. He cut the deposit rate further into negative territory (from -0.3% to -0.4%), he expanded the amount of monthly asset purchases to €80bn from €60bn (allowing for the inclusion of...
Read moreThe Municipal Councilor’s Pension Fund (MCPF) was established on the 1st May 1988 in terms of the Pension Benefits for Local Authorities Act 105, 1987 as the only Fund to service the retirement needs of Municipal Councilors. The Fund is associated with almost all 278 Municipalities and is an autonomous body managed by a Board of 13 Trustees consisting of...
DownloadDomestic data was disappointing this past week. GDP growth for the final quarter of last year was lower than expected at 0.6% and full year growth of 1.3% was meagre at best. The agriculture and manufacturing sectors were the biggest detractors to growth, but the weakness was broad based. New vehicle sales slumped for another month in February as total...
Read moreThe National Budget Speech was one of the most eagerly anticipated in decades. With the recent widespread downward revisions to the economic growth outlook, the government had to focus its attention on trying to avoid the looming prospect of a sovereign rating downgrade to sub-investment grade. The economy is expected to grow by 0.9% in 2016, down from 1.3% last...
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